Posts tagged life of the contract
UPS buyout details: What’s in the offer, how many jobs are affected and what Teamsters say
July 30, 2025 // UPS is offering a voluntary buyout program to U.S. full-time drivers for the first time in its history. The Teamsters union criticizes the buyout, calling it "insulting" and a violation of the 2023 contract. UPS attributes the buyout to restructuring efforts following revenue decline and increased costs. The buyout, called the "Driver Voluntary Separation Program" is available for consideration by full-time, U.S.-based drivers, and is the first time in the company's history this sort of offer has been made to drivers, UPS said in a statement.